According to a statement released by the publisher, the novel appears to be set in the backdrop of Prime Minister Narendra Modi`s announcement of demonetisation, the first anniversary of which was recently met with mixed reactions.

Rajan, who at 40 was the first non-western and the youngest to become the chief economist at the International Monetary Fund, shot to big fame three years after he predicted a financial crisis at an annual gathering of economists and bankers in the US in 2005.

Former RBI Governor Raghuram Rajan has said that in hindsight it appears that the central bank under his governorship could have managed the liquidity in banking system in a better manner on certain occasions.

Former RBI Governor Raghuram Rajan has debunked the theory that Chicago University's refusal to extend his leave forced his departure, saying it was never an issue and he wanted to stay longer at the RBI to complete the unfinished task of clean-up of banks.

Former RBI Governor Raghuram Rajan said on Thursday that he would have resigned if the demonetisation decision was thrust on him but made it clear that the government can bypass the central bank if it wants to push ahead with such a decision.

Rajan, the only central bank governor in two decades who did not get a second term, also seemed to defend his controversial remark of India being a 'one-eyed king in the land of blind', saying GDP expansion slipped in every quarter since that remark in April of last year.

Later, responding to a query on post of Governor of RBI, he said it was always "tested". Referring to his earlier stint as Chief Economic Advisor with the Finance Ministry, he said he had seen both sides of the equation.